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Do I Qualify For a Short Sale? Your Questions Answered Here!

By
Real Estate Agent with The Adam and Eric Group 01499486

If you answer yes to any of these questions – then you may qualify for a short sale.

  • Do you owe more than your house is worth?
  • Is your mortgage in or near default?
  • Have you fallen on hard times and cannot make your payments?
  • Have you run out of money and have no assets?
  • Have you files Bankruptcy?
  • Do your expenses exceed your income?
  • Do you have a hardship which is causing financial difficulty?
  • Have you recently become unemployed?
  • Do you have mounting medical expenses?
  • Has there been a change in your marital status?
  • Has there been a death of a spouse or significant other?
  • Is your job relocating you?

There may be other reasons not listed above which would qualify you for a short sale.

For more information on short sales click here. 

Lori Churchill Cofer
Beasley Realty - Pullman, WA
Realtor - 509-330-0086 - Pullman, WA

Adam,

I am sure your clients appreciate you laying out some basic qualifications...and you no doubt are the expert they should contact if they think they are!

May 31, 2010 03:59 AM
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

I'm actually leaning towards bankruptcy for people who are having financial problems, mainly because bankruptcy allows you to keep your home up to certain limits but wipes away all that other debt. So now, with no debt, you can continue to pay on your mortgage and keep your home.

Jun 03, 2010 06:28 PM